The memo, which was obtained by Bloomberg, cites an email sent
by Edith O'Brien—MF Global's treasurer—three days before the
firm filed for bankruptcy. In the email, O'Brien writes
the transfer was "per JC's direct instructions."

The $200 million overdraft fee was paid to JP Morgan because MF Global had overdrawn one
of its accounts and it was “holding up vital business
in the U.S.," MF Global Holdings Treasurer Vinay
Mahajan had said in an Oct. 28th email.

MF Global filed for bankruptcy Oct. 31, after negotiations
to sell itself to Interactive Brokers fell apart as a result of
the discovery of a shortfall in customer segregated funds.

This bombshell may have huge implications for Corzine.
Remember that a sacred rule in brokerages is that
customer funds must be strictly segregated from the firm's money.
Breaking such a rule on purpose could mean criminal
charges. Before MF Global fell, Corzine was a prominent
figure in finance and politics, serving as CEO of Goldman Sachs in the '90s and a Democratic
senator and governor of New Jersey after that.